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Uber warns that it could seriously damage its business if drivers were considered employees instead of contractors

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Uber filed its S-1 on Thursday, which said that if drivers are classified as employees instead of full-time contractors, it could impact its business.

"We believe that Drivers are independent contractors because, among other things, they can choose whether, when, and where to provide services on our platform, are free to provide services on our competitors' platforms, and provide a vehicle to perform services on our platform," the S-1 said.

However, not everyone agrees. As Uber itself notes in the filing, it's facing both lawsuits and investigation from labor and tax authorities over its practice of classifying drivers as independent contractors. In March 2019, Uber reached a settlement where it agreed to pay $20 million to drivers on the platform in California and Massachusetts, it says in the filing. This is subject to a final hearing in July 2019.

Should Uber be forced into changing its approach, the company warns, it could eat into the bottom line. "If, as a result of legislation or judicial decisions, we are required to classify Drivers as employees, we would incur significant additional expenses for compensating Drivers, potentially including expenses associated with the application of wage and hour laws , employee benefits, social security contributions, taxes, and penalties," the S-1 filing said.

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If these people are contractors then everyone in the trades can call their employees contractors. BULL SH-T they ARE employees.

Not sure we should rush out but shares with that black cloud overhanging? Uber fares would go up too...

What if we create a fund where we band together all Uber drivers to boycott the platform and then short the stock with leverage and distribute those profits among the boycotting drivers helping assist in the short?

When your business model depends on exploitation...

“Whaaaat? That means we’d have...like.... RESPONSIBILITIES and shit, I’m just here for the money brah”

Rideshare survives on the slavery of drivers.the drivers pay for insurance the drivers paid for the car the drivers pay for gas to driver pays for everything Uber and Lyft are getting rich off drivers

They will have to pay up and lose 7 billion in revenue instead of three

Sure, bet they would have to pay them a respectable wage!

Which means it's not a viable business.

yup, give them health insurance and 401(k)

Especially just before their IPO

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